Yes, no mkt sensitive news beyond yesterday’s update, announcing...

Yes, no mkt sensitive news beyond yesterday’s update, announcing SRK retained to revisit Miraflores resources model, focussing on unrground only development. Very important because could make permitting much easier, accelerate development. Pour gold by end calenar 2017?
MD made important point that MNC had been v patient, cautious, in search for a „cash flow“ asset, given you only get one shot at it. Mentioned they had looked closely at two other gold projects but walked from both because MNC did not trust the resources model, and in both cases have since been proved right. Attention to detail technically is vital. This highlights MNC’s technical strengths. Few juniors have the tech capacity to fully assess develop mines, but MNC appear to have that.
MD also highlighted Colombia as great emerging jurisdiction for gold, vg geology and now a supportive government jurisdiction. Now new mines being built (eg Red Eagle now building San Ramon, pouring gold soon, smooth permitting and construction, a lookalike mine to MNC’s, and the co capped > $100m). And big developments mooted by Anglo.
And he highlighted the exploration scope, esp Tesorito, and Dosquebradas (shared with Batero). MNC likely to talk with Batero? Look at joint development, maybe one big plant to treat both T and D, maybe even merge the companies??
Then there is Chuscal.
As latest presenetation highlights, pot’l is plus 10moz.
On Calatos MD said they are looking closely at possible funding deal, but will not transact on silly terms. Success in Colombia will allow them to be patient with Calatos if thats what is needed.On other hand.a deal may be close, depends on the other side.
The market has been negative so long on MNC it is gunshy, afraid to think it can turn around. The market seems not to understand the upside in Colombia?
Gold price is up near 200US$/oz since they cut this deal.